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The bitcoin price has started a recovery wave above the zone 82,500 USD. BTC is growing now and can strive for traffic above levels 86,500 USD and USD 87,200.
- Bitcoin began a decent recovery wave above the zone 83,000 USD.
- The price is sold above USD 84,500, and a 100 -hour basic movable average.
- There is a combination line of trends with support of USD 85,200 at the BTC/USD hour chart (data channel from Kraken).
- The couple can start another escalate if they tidy the level of USD 86,200 and USD 87,000.
Bitcoin eyes price eternal growth
The Bitcoins price remained stable above USD 82,000. BTC has created a base and recently started a recovery wave above the resistance level 83,500 USD.
Bulls exceeded the price above the resistance level $ 85,000. The bears, however, were vigorous near the resistance zone worth 86,500 USD. The amount was created at USD 85,591, and the price corrected some profits. Apart from $ 85,000, there was movement.
The price has dropped below 23.6% of the UP FIB withdrawal level from 83 667 USD at a low level of up to USD 85,591. The price of bitcoins is currently trading above USD 85,200 and 100 hours of a basic movable average. There is also a combining line of trends with support of USD 85,200 at the BTC/USD hour chart.
On the other hand, immediate resistance is close to USD 86,000. The first key resistance is close to USD 86,500. The next key resistance can be USD 87,200. Closing above the resistance 87,200 USD may send a higher price. In the given case, the price may escalate and test the resistance level 88,500 USD. Any profits can send a price to USD 88,800, and even USD 90,000.
Another drop in BTC?
If Bitcoin does not escalate above the resistance zone worth 86,500 USD, it may start again. Immediate support in the minus is close to USD 85,500. The first grave support is located near the level of USD 85,200 or 50% of the upward of the FIB upward FIB from USD 83,667 at a low level to an altitude of USD 85,591.
The next support is now near the USD 84,500 zone. Any losses can send a price of USD 83,000 in the near future. The main support is USD 81,500.
Technical indicators:
MacD – MacD hours are now gaining a pace in the stubborn zone.
RSI hours (relative strength indicator) – RSI for BTC/USD is now above level 50.
Main support levels – USD 85,500, and then 85 200 USD.
Main resistance levels – USD 86,500 and USD 87,200.
